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You do it when the value of the property has increased sufficient to have the equity you need for the next step in your plan. The time frame will depend on the property, the location and what the actual capital growth is. It could be 3 months or it could be 3 years.

I'm not aware of any lender who will accept another banks valuation. In a lot of instances even if you successfully challenge a valuation and get a better result, the banks policy will only allow them to take the first result. I could go on all day about the strange policies of banks and...

Take the desktop valuation and go elsewhere. Long hard experience tells me that challenging the valuation is unlikely to give you a result that's much better. Every broker will tell you the same story. Valuations are coming back conservative, despite plenty of evidence that the local market...